Annual Report english.cdr

C O N T E N T S

Introduction............................................................................................................................. 1

1. Year at Glance, Highlights.................................................................................... 2

2. Management ........................................................................................................ 3-5

3. Loan Schemes of RMK ....................................................................................... 6-7

4. Special Concessions in the North East Region .................................................... 8

5. Operations ............................................................................................................ 9

6. Scheme wise Achievements................................................................................. 10-12

7. Regional Outreach ............................................................................................... 13

8. Major Activities ................................................................................................... 14-15

9. Some Success Stories .......................................................................................... 16-17

10. Financial Working ............................................................................................... 18-37

11. Name of NGOs Financed during the year 2010-11.............................................. 38-39

Annexures :

Training Programmes- Annexure - I ....................................................................................... 40

List of Franchisees -Annexure-II ............................................................................................ 41

List of Resource Centre-Annexure-III .................................................................................... 42-43

Sl No. Particulars Page No.

INTRODUCTION

Rashtriya Mahila Kosh (RMK) or National Credit Fund for Women was established by the

Government of India in March, 1993 under the Societies Registration Act 1860 to act as an apex micro credit

organisation of the Government to give micro-loans to the poor women in the unorganised sector for their

socio-economic development. RMK follows a quasi-formal credit delivery mechanism, which is client

friendly, involves simple and minimal procedure, low transaction cost, and link thrift and savings with

credit. RMK provides micro-finance services without collateral for livelihood and income generation

activities, micro enterprises, housing etc.

2. RMK extends loans to non-government organizations (NGOs) and voluntary agencies (VAs) who on

lend to group of individual beneficiaries (SHGs) of poor women. Organizations like Women

Development Corporations, Women Cooperatives, and Women Welfare Boards/Agencies, not for

profit Companies registered u/s 25 of the Companies Act and such other agencies engaged in the

socio-economic development of women at the grass root level are also eligible for RMK loans. RMK

activities cover both rural as well as urban women of the country.

3. The RMK Model, (RMK - NGOs - SHGs Beneficiaries) has worked successfully for organizing

rural/urban poor women in groups and promoting savings and thrift habits which enable them to

access institutional credit for their socio-economic empowerment. RMK has appointed Nodal

Agencies for credit expansion and business awareness among new and smaller potential NGOs. Apart

from Nodal Agency Scheme, it operates Franchisee Scheme under which RMK extends finance to

well established micro finance organisations who in turn on lend to smaller NGOs of the State/District

as per the terms and conditions as prescribed by RMK. The micro finance of RMK through

NGOs/IMOs/SHGs is the most successful model where the recovery rate has been consistently more

than 90% for several past years.

4. A special credit package to enable the poor women in the North-Eastern Region (NER) to access credit

from RMK has been operationalised. RMK organises Awareness cum Capacity Building Programmes

to nurture the assisted intermediary micro financing organisation (IMOs) to train their field

functionaries, SHG Leaders, accounts Managers and Women Beneficiaries. Credit Persons and grass

root level beneficiaries. These capacity building programmes are organised at various regional centres

of NIPCCD situated across the country. Resource Centre Scheme (RCS) is another initiative by RMK.

Under (RCS), RMK identifies reputed Government Organizations / NGOs / Research Institutions /

Universities / Academic Institutions having adequate infrastructure to extend their services for

specific trade & vocational trainings and skill development of the SHG members / group leaders and

implementing agencies. So far RMK has approved 14 institutions as Resource Centres.

1

1.1 The year 2010-11 was the 18th year of operation of Rashtriya Mahila Kosh. In this year, 22 new Non-

Governmental Organizations joined RMK as partners. The total number of RMK members has

reached 1,464 by the end of the year.

1.2 During the year 2010-2011, credit amounting to ` 12.78 crore were sanctioned, benefiting 13,362

women beneficiaries. Out of this, an amount of ` 12.49 crore was actually disbursed. The cumulative

sanctions and disbursements at the end of the year were ̀ 30,752 lakhs and ̀ 25,182 lakhs respectively,

benefiting 6,87,512 poor women beneficiaries.

1.3 The gross income of Rashtriya Mahila Kosh during the year 2010-11 was ̀ 1318.59 lakh. There was an

excess of income over expenditure of ̀ 1047.74 lakh as compared to ̀ 955.67 lakh in the previous year.

1.4 Although the recovery rate of RMK loans has been encouraging, even then there have been some

partners NGOs who failed to pay the instalments in time. RMK has taken a policy decision to initiate

legal action by filling civil suits, criminal complaints (under Section 138 of Negotiable Instruments

Act, etc.) against such defaulter NGOs and also blacklisting them. As a result thereof, RMK could

recover ̀ 164.92 lakhs out of the overdue loans.

1.5 Based on the recommendations of the Committee of Governors (COG) constituted by the Hon'ble

President of India and the Finance Minister's announcement in Union Budget 2009-10 and as

suggested by the Sub- Group constituted by Ministry of Women and Child Development, the

Governing Board of RMK approved strengthening and restructuring of RMK from the existing single

office Society to Government owned Non-Deposit Taking Systemically Important Non-Banking

Finance Company (NBFC-ND-SI) under section 617 of the Companies Act and directed RMK to

take necessary steps in this regard. For this purpose, an independent consultant was engaged to

prepare a Detailed Project Report (DPR) for presenting a road map comprising a business model for

RMK with an objective of making it a self-sustaining organization. The Consultant undertook a 'Gap

Analysis' between the current setup and the envisaged model for the RMK. Thereafter, it submitted

'High level recommendations about Restructuring' based on its study, inter alia, of microfinance

scenario, important stakeholders and players at national and international level and feedback from the

existing NGO partners of RMK. Ultimately, Detailed Project Report (DPR) submitted by the thConsultant was placed before the Governing Board (GB) of RMK in its 46 meeting held in March

2011. The GB considered the report and decided i) to make recommendation to MWCD for seeking

GOI approval to convert the Kosh from existing Society into NBFC as per the DPR; and ii) to approve

'in principle' the proposed multi-layered organizational structure, Board of Directors, Regional

Offices etc. It was also approved that the Kosh will continue to do business in the current form till the

NBFC starts functioning. It further directed that a Committee be set up under the Chairpersonship of

Additional Secretary, WCD for taking the follow up action.

2

YEAR AT A GLANCE - HIGHLIGHTS1

3

MANAGEMENT

2.1 Chairperson

Smt. Krishna Tirath, Minister of State (Independent Charge) for Women & Child

Development, continued as Chairperson of RMK during the year 2010-2011.

2.2 Executive Director

Dr.Vivek Joshi, Joint Secretary, Ministry of Women and Child Development held additional charge of

Executive Director, RMK during the current year 2010-11.

2.3 Board Meetings

The 46th meeting of the Governing Board of RMK was held on 18.3.2011.

2.4 Annual General Meeting

The XVII Annual General Meeting of RMK was convened on 18.3.2011 in New Delhi. NGO

representatives of RMK including Governing Board members attended the meeting. The AGM

adopted the Annual Report and Audited Accounts of RMK for the year 2009-10.

2.5 Loan Committee Meetings

The 72, 73 and 74 Loan Committee Meetings were held on 15.7.2010, 1.12.2010 and 12.1.2011

respectively to consider and sanction loan applications of NGOs and other eligible organisations.

2.6 Monitoring

RMK conducts regular monitoring of loans sanctioned and disbursed to ascertain the proper

utilization of loans at the grass root level after disbursement of the first instalment of the sanctioned

amount. These studies are conducted by officers from RMK and other experienced and professional

institutions like Agricultural Finance Corporation Ltd. (AFCL), RashtriyaGraminVikasNidhi

(RGVN) which are well versed in micro credit and self-help group activities. Besides, verification of

the utilization of loan amount, the monitors also guides the borrowing Non-Government

Organisations towards better implementation of the scheme.

2.7 Administrative Set Up

A Governing Board (GB) consists of 16 members representing various Central Ministries /

Departments, State Governments, specialists and representatives of organizations active in the field

of micro credit. The GB of RMK has been partly reconstituted during the year. The Minister of State

for Women and Child Development (Independent Charge) is the Chairperson of the Governing Board

and the Executive Director, RMK acts as Member Secretary. RMK meets all its administrative and

establishment expenditure from internal resources.

Hon’ble

2

2.8 Objectives

RMK extends micro-credit to the needy and poor women in the informal sector through a client

friendly, without collateral and in a hassle-free manner for livelihood activities, housing, micro-

enterprises, family needs, etc. RMK has taken a number of promotional measures to popularize the

concept of micro financing, thrift and credit, formation and stabilization of SHGs and also enterprise

development for poor women through intermediary organizations working at grass root level such as

Non – governmental organizations, Women Federations, Co-operatives, Urban Women Cooperative

Banks, Government Autonomous Bodies, not for profit – Section 25 companies registered under

Companies Act, and all other Voluntary / Civil Society Organizations etc.

2.9 Credit – Delivery Mechanism

Credit is disbursed to the poor women SHGs both rural and urban through intermediary organizations

like NGOs, Co-operative societies, Government autonomous organizations, not-for-profit Section 25

Companies, State Women Development Corporations, registered bodies and federations of women

etc. There is no collateral.

2.10 Activities

A - Partnership

The partner NGOs network in the country helps in creating awareness among the NGOs to integrate

micro finance activities into their social sector interventions. RMK organized Awareness cum

Capacity Building Programme to nurture the supporting intermediary organizations during the

current year. Training programme including exposure visits organized by RMK during the year are at

Annexure – I.

B - Supporting Intermediary Organizations

The micro finance programme of the RMK for the socio-economic upliftment of poor women through

the SHGs is most successful one in the country. A large number of Voluntary Organizations,

Government autonomous bodies, Cooperative Societies etc. are coming forward for financial

intermediation.

RMK apart from giving micro-credit to the women beneficiaries also builds capacity of SHGs

women groups and partner NGOs in micro-finance and income generation activities as well as to

empower them to improve their quality of life in totality with a view to enable them to train their

fellow members and grass root level beneficiaries. RMK believes in women empowerment through

micro financing. The partner organizations that take loans from RMK are instructed to impart literacy

education, health awareness etc. to the women SHG members.

As a part of the developmental initiatives for the future growth of micro finance RMK has launched a

Nodal Agency Scheme for credit linkages with new and potential NGOs with a view to expand its

outreach in a most cost effective manner in the marginally and uncovered areas of the country. The

4

5

performance of these Nodal Agencies is reviewed from time to time. RMK has another important

scheme called ‘Franchisee’. So far RMK has appointed 3 Franchisees. Details at Annexure-II.

RMK extends bulk finance to Franchisees who in turn on-lend it to smaller and potential NGOs of the

State/ District with similar terms and conditions as prescribed by RMK.

C- Resource Centres

RMK has identified 14 reputed Government Organizations / Government Undertakings / NGOs /

Research Institutions / Academic Institutions, having adequate infrastructure to avail their services

for capacity building, vocational and skill development, modern practices, technology transfer,

micro-enterprise development, etc. to the SHG members / group leaders and IMOs for qualitative

expansion of RMK’s micro-credit programme all over the country. The details of the Resource

Centres are at Annexure-III.

6

3. i) Loan Promotion Scheme: RMK provides smaller loan maximum upto ̀ 10 lakh to promote the

activity of thrift and credit among newer and smaller but potentially capable organisations

having at-least six months experience in formation of SHGs, thrift, credit and recovery

management.

ii) Main Loan Scheme: IMOs having minimum 3 years experience in thrift and credit activities are

considered for loan under the scheme to a maximum upto ̀ ` 600 Lakhs at a time.

iii) Refinance Scheme: RMK provides 100% refinance assistance to Mahila Urban Co-operative

Banks on finances provided by them to poor women either directly or through SHGs within the

norms of the RMK Main Loan Scheme.

iv) Repeat Loan: Repeat Loans is also available to the organizations, on successful utilization of

first loan and the borrowing organisation having repaid 50% of its last loan.

v) Franchisee Scheme: Smaller NGOs of the State can avail loan directly from franchisee

appointed by RMK for that particular State without sending their proposal to RMK office at New

Delhi. RMK gives the Credit Limit upto` 500 lakh to the Franchisee who in turn extend to

smaller & potential NGOs in the State.

vi) Gold Credit Scheme: This Scheme of providing hassle free finance has been designed for

medium and large NGOs so as to revolve the fund sanctioned by RMK for 3 years. Maximum

credit limit under this scheme is ̀ 500. lakh.

vii) Housing Loan Scheme:Through its partner organizations RMK provides loans upto a

maximum`100,000/- per beneficiary to SHG members for construction of low cost house and

repairs.

3.2 Eligibility Norms

i. The organization applying for loan should have broad based objectives, serving the social and

economic needs of the poor women. It must not work for profit.

ii. The organization should have necessary professional competence, basic financial management

capability and organizational skills to implement the lending programme.

iii. The office bearers of the organization should not be elected representatives of any political party.

iv. The organization should have proper system of maintaining accounts, which should have been

audited and published every year and there should not have been any serious irregularities.

3 Loan Schemes of RMK

7

v. The organization should be registered for more than 3 years on the date of application to RMK.

vi. The organization should have experience in thrift and credit management for 3 years or more.

(Six months for applying under the Loan Promotion Scheme).

vii. The application should clearly reflect the source of funds utilized earlier for credit.

viii. Recoveries for the loans given to its members earlier should be at least 90%.

ix. There should be proper and specific clause / provision in the Bye-laws / Memorandum of

Association of the organization having power to borrow or raise loans from any outside agency.

x. There should be appropriate reflection in the organization's audited accounts and balance sheet

in respect of its experience in providing credit and recoveries etc. Audited accounts should

reflect sound financial management / health.

xi. Loan limit per beneficiary ( a ) first loan – upto` 35,000/-, (b) Repeat loan(s) `.50,000/- taken

together the existing plus new loan.

8

Special Package For North-Eastern Region

RMK has formulated a concessional package for the voluntary organisations of the North-Eastern

region for easy access of credit from RMK to meet the credit needs of the poor women of the region in order

to remove the uneven presence of micro-credit in the country which is witnessed mostly in North-Eastern

region due to poor presence of banking net-work, lack of infrastructure and awareness, The concessions are:

• The organization having completed one year of its registration (previously 3 years) can apply for the

loan.

• Margin on loan reduced from 10% to 5%.

• The grace period on repayment of loan enhanced from 6 months to 12 months.

• The repayment period of loan enhanced to five years invariably for all schemes.

• The NGOs to be supported with 10% of the loan sanctioned as capacity building assistance.

• To provide second class sleeper rail fare and where there is no rail link, cheaper class to and fro Air fare

to the members of NGOs (up to 2 numbers) for coming to Delhi for execution of documents.

4

9

OPERATIONS

5.1 SANCTIONS

RMK sanctioned loans aggregating to ̀ 1278 lakhs during the year 2010-11 to 30 Non-Governmental

Organisations / Social Organisations as compared to ̀ 1471 lakhs during the previous year 2009-10.

The cumulative sanctioned amount at the end of the year was ̀ 30,752 lakhs. During this year, 22 new

organisations were linked with RMK. This has helped in expanding the outreach of RMK to some of

the hitherto un-served areas and involving more organisations in spreading the outreach of micro-

credit.

5.2 DISBURSEMENTS

During the year 2010-11, RMK disbursed an amount of ` 1249 lakhs. During the previous year

disbursements were ` 1,563 lakhs. Most of the disbursements were done through small and new

organisations. The cumulative disbursement at year ending 2010-11 was ̀ 25182 lakhs. The Scheme-

wise comparative statement of sanctions and disbursements during the two years, i.e., 2009-10 and

2010-11 is given in Table – I.

TABLE – I

SCHEME WISE COMPARATIVE STATEMENT OF SANCTIONS AND

DISBURSEMENTS DURING 2009-2010 AND 2010-2011

(` in lakhs)

5

Amount Sanctioned Amount Disbursed 2009-10 2010-11 2009-10 2010-11

Sr. No.

Schemes

No. of NGOs

Amount No. of NGOs

Amount No. of NGOs

Amount No. of NGOs

Amount

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) 1. Main Loan

Scheme 40 1471 27 1058 59 1057 52 992

2. Loan Promotion Scheme

- -- 2 20 7 18 3 7

3. Gold Credit Card Scheme

- - 1 200 2 450 2 250

4 Franchisee Scheme

- - - - 1 38 - -

TOTAL 40 1471 30 1278 69 1563 57 1249

10

SCHEME-WISE - ACHIEVEMENTS

6.1 MAIN LOAN SCHEME

Loan assistance to the eligible organisations under the Main Loan Scheme of RMK is provided for on

lending to Self Help Groups/women beneficiaries both in rural and urban areas for income generation

and micro-entrepreneurial activities. Maximum loan limit is ̀ 6 crore, but not more than ̀ 2 crore in one

state. During the year 2010-11, RMK considered 27 applications and sanctioned loans aggregating to ̀

1058 lakhs to benefit 9688 women beneficiaries, against ` 1471 lakhs sanctioned during 2009-10

benefiting 15404 borrowers. Disbursements during the year were ` 992 lakhs as compared to ` 1057

lakhs during the previous year 2009-10. Details of sanctions and disbursements under the Main Loan

Scheme are given in Table – II.

TABLE – II

STATE WISE DETAILS OF SANCTIONS AND DISBURSEMENTS UNDER

THE MAIN LOAN SCHEME & COMPOSITE LOAN SCHEME DURING THEYEARS 2009-2010 AND 2010-2011.

(` in lakhs)

6

No. of NGOs No. of Borrowers

Amount Sanctioned Amount DisbursedSr. No.

States

2009-10 2010-11 2009-10

2010-11

2009-10

2010-11 2009-10 2010-11

(1)

(2)

(3)

(4)

(5)

(6)

(7)

(8)

(9)

(10) 1

Andaman Nicobar

-

-

-

-

-

-

20

20

2

Andhra Pradesh

7

1

2465

850

215

65

210

123

3

Assam

-

-

-

-

-

-

9

451

4

Bihar

1

1

240

900

60

100

30

30

5

Haryana

2

1

1340

132

115

15

8

65

6

Himachal Pradesh

1

-

330

-

60

--

-

30

7

Jammu & Kashmir

-

-

-

-

-

-

45

10

8

Jharkhand

-

1

-

200

-

20

6

-

9

Karnataka

2

2

650

360

90

35

43

73

10

Kerala

-

1

-

460

-

50

-

25

11

Madhya Pradesh

3

4

1371

1165

56

165

103

93

12

Maharashtra

1

3

1000

290

100

58

-

-

13

Manipur

1

-

-

-

20

-

22

-

14

Nagaland

-

1

-

70

-

10

-

5

15

Orissa

-

-

-

-

-

-

-

3

16

Punjab

-

1

-

200

-

50

-

25

17

Rajasthan

-

1

-

195

-

20

85

10

18 Tamil Nadu 15 4 6544 1454 596 190 349 27819 Uttar Pradesh 6 1 964 135 99 15 40 820 Uttranchal - 2 - 845 - 150 - 7521 West Bengal 1 3 500 2432 60 115 - 75

Total 40 27 15404 9688 1471 1058 1057 992

11

6.2 LOAN PROMOTION SCHEME

RMK provides loan assistance upto ̀ 10 lakhs under the Loan Promotion Scheme to such organizations

which have at least six months experience in thrift and credit management. The aim is to promote thrift and

credit among newer, smaller but potentially capable organizations. During the current year (2010-11) a sum

of ̀ 20 lakh was sanctioned. However, no loan was sanctioned under this scheme in the previous year (2009-

10). A sum of ̀ 7.5 lakhs was disbursed in the current year as against of ̀ 18.28 lakhs disbursed in the previous

year 2009-10. State-wise details of sanctions and disbursements under the scheme are given in Table – III.

TABLE – III

STATE WISE DETAILS OF SANCTIONS AND DISBURSEMENTS UNDER

THE LOAN PROMOTION SCHEME DURING THE YEARS 2009-10 AND 2010-11.

(` in lakhs)

Sr.

No No. of NGOs No. of Borrowers Amount Sanctioned Amount Disbursed

2009-10 2010-11 2009-10 2010-11 2009-10 2010-11 2009-10 2010-11

(3) (4) (5) (6) (7) (8) (9) (10)

-

-

-

-

-

-

-

2.5

- - - - - -

2.5

-

10.78

-

-

1

-

160

-

10

-

-

-

-

-

-

-

-

-

2.5

-

1

-

400

-

10

---

-

-

2

-

-

-

-

5

2.5

-- 4 560 - 20 18.28 7.50

States

(1) (2)

1

Assam

3

Haryana

4

Manipur

4

Maharastra

5

Orissa

6

Uttar Pradesh

7

West Bengal

Total

6.3 GOLD CREDIT SCHEME

The scheme aims at an adequate and timely credit delivery from RMK to NGOs for onlending to

NGOs for further on lending to SHGs for income generation and consumption needs in a flexible and

cost-effective manner. NGOs are sanctioned depending upon their track record with RMK/other

micro credit organizations and credit needs. Maximum credit limit under this scheme is ` 5 crores.

During the current year 2010-11 a sum of ` 2 crore was sanctioned. Disbursement during the year has

been ` 2.5 crore as compared to ` 4.5 crore in the year 2009-10. State-wise details of sanction and

disbursement under the scheme are given in Table-IV.

- - - - - -

TABLE – IV

STATE WISE DETAILS OF SANCTIONS AND DISBURSEMENTS

UNDER THE GOLD CREDIT SCHEME

DURING THE YEARS 2009-10 AND 2010-11.

(` in lakhs)

No. of NGOs No. of Borrowers Amount Sanctioned

Amount Disbursed

Sr. No.

States

2009-10 2010-11 2009-10 2010-11 2009-10 2010-11 2009-10 2010-11

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

1 Orissa - - -- - - - 350 50

2 Rajasthan - 1 - 3114 -- 200 100 200

Total - 1 - 3114 - 200 450 250

6.4 FRANCHISEE SCHEME

RMK appoints franchisees to spread its loaning activities. Smaller NGOs of the state can avail loans

directly from franchisee appointed by RMK from that state without sending their proposal to RMK

office in New Delhi. Maximum credit limit under the scheme is ̀ 5 crores.During the previous year

2009-10, a sum of ` 37.50 lakhs was disbursed. No loan was sanctioned and disbursed during the

current year 2010-11. State-wise details of sanctions and disbursements under the scheme are given in

Table-V.

TABLE – V


UNDER THE FRANCHISEE SCHEME


(` in lakhs)

No. of NGOs No. of Borrowers Amount Sanctioned

Amount Disbursed

Sr.No.

States

2009-10 2010-11 2009-10 2010-11 2009-10 2010-11 2009-10 2010-11

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Punjab - - - - - 37.5 -

Total - - - - - - 37.5 -

-

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REGIONAL OUTREACH

The flow of credit under the various schemes of RMK has shown regional / state-wise variations.

Tamil Nadu has been in the lead to avail credit facilities from RMK with loans amounting to ` 277.5 lakhs

followed by Rajasthan ` 210 lakhs, Andhra Pradesh `122.5 lakhs.The three major states, viz. Tamil Nadu,

Rajasthan and Andhara Pradesh together accounted for 49% of the disbursals during 2010-11. Comparative

position of State-wise sanctions and disbursements is given in Table-VI.

TABLE – VI



(` in lakhs)

7

No. of NGOs

No. of Borrowers Amount Sanctioned Amount Disbursed2009-10

2010-11

2009-10 2010-11 2009-10 2010-11

2009-10 2010-11(3)

(4)

(5)

(6) (7)

(8)

(9)

(10)

20.00

20.00

7

1

2465

850

215.00

65.00

209.50 122.50

9.00

47.501

1

240

900

60.00

100.00

30.00

30.002

1

1340

132

115.00

15.00

10.00

65.001

330

60.00

30.00

45.00

10.00

1

200

20.00

6.00

2

2

650

360

90.00

35.00

42.50

72.50

1

460

50.00

25.003

4

1371

1165

56.00

165.00

103.00

92.50

1

4

1000

450

100.00

68.00

1

20.00

33.28

1

70

10.00

5.00

350.00

55.401

200

50.00

37.50

25.00

2

3309

220.00

185.00

210.0015

4

6544

1454

596.00

190.00

349.00

277.506

2

964

535

99.00

25.00

39.50

7.50

2

845

150.00

75.001 3 500 2432 60.00 115.00 93.75 78.75

Sr.

No.

States

(1)

(2)

1

Andaman Nicobar

2

Andhra Pradesh

3

Arunanchal Pradesh

4

Assam

5

Bihar

6

Harayana

7

Himachal Pradesh

8

Jammu & Kashmir

9

Jharkhand

10

Karnataka

11

Kerala

12

Madhya Pradesh

13

Maharashtra

14

Manipur

15

Nagaland

16

Orissa

17

Punjab

18

Rajasthan

19

Tamil Nadu

20

Uttar Pradesh

21

Uttranchal

22 West Bengal

Total 40 30 15404 13362 1471.00 1278.00 1563.03 1249.15

13

- - - - - -

- - - - - - - -

- - - - - -

- - - - - -

- - - -

- -

-

- -

- -

-

- - -

-

-

- - -

- - - - - -

- -

- -

- - -

-

-

MAJOR ACTIVITIES

Capacity Building & Skill Development

Orientation on Micro Finance and Income Generation issues

8.1 Orientation on Micro Finance and Income Generation issues at NIPCCD, Indore, MP from 10 – 14

May, 2010, at NIPCCD, Bangalore during 15-19 June 2010, at NIPCCD Guwahati Assam during

13–19 September 2010 at NIPCCD Lucknow, Uttar Pradesh, during 27-31 December 2010 and at

NIPCCD, New Delhi during 7-11 Febuary 2011 were organised. The programmes were attended by

grassroot level functionaries of partner IMOs.

8.2 Capacity Building cum Awareness Generation programme at Nowgong, District Chattarpur

(Bundelkhand) on 13 May 2010 was organised. The programme was addressed by Hon’ble Minister

of State (Independent Charge) ,Ministry of Women and Child Development , Government of India to

create awareness among the rural women of Bundelkhand region for their socio-economic upliftment

. Around 3000 rural women from the Region participated .

8.3 Holding of Awareness Programme on Socio Economic Empowerment of Women on 23 July,

2010 at Dilli Haat, Pitampura, New Delhi.

A programme in association with Central Social Welfare Board and Food and Nutrition Board of the

Ministry was organized by RMK on 23 July, 2010 at Dilli Haat, Pitampura, New Delhi for creation of

Awareness on Schemes of RMK and the Ministry about Socio Economic Empowerment of Women.

‘Awareness Exhibition’ was also held on the occasion. Hon’ble Minister of State for Women and

Child Development (I/C) inaugurated the programme. A large number of poor women and social

welfare functionaries attended the programme.

8.4. Participation of RMK in the Vatsalya Mela, 2010.

The Ministry of Women and Child Development organized ‘Vatsalya Mela’ at Dilli Haat, New Delhi

from 14.11.2010 to 19.11.2010. RMK was allotted 20 stalls for participation of its NGO partners. It

provided the women SHGs of RMK partners a platform to display and market their product and

services. The NGO partners were from various state and far off areas. A diverse range of products were

displayed and sold including state-of-the-art products like sarees, bed sheets, decorative traditional

and modern handicrafts, handloomdress materials and ready-made garments, bamboo,coir, cane,

wood and jute products, durries, beadwork, stone and metal jewellery, agarbattis, woolens and

embroidery items, leather handicraft items, food items like pickles, honey, dry fruits, household

decorative items, herbal products etc.

There was good public response. The overall sale of the products was very good. Some of the

8

14

participants got supply orders /enquiries worth several lakh. NGO participants were generally happy

with sales and orders for their products. The Mela provided an opportunity to the NGO participants to

interact with customers and fellow NGO partners which enhanced their marketing skill and business

knowledge. Overall, this has been a very useful exposure to the poor women SHGs particularly for

those coming from far off places of the country.

15

SOME SUCCESS STORIES OF THE WOMEN BENEFITTED FROM RMK – SHG BNEFICIARIES

THROUGH MICRO FINANCE.

1. MANIPUR

All Backward Classes & Economic

Development Organization (ABCEDO),

Samaram Bazar, Thoubal District of

Manipur is implementing a number of

s o c i o - e c o n o m i c d e v e l o p m e n t

programmes through Self Help Groups.

One of the remarkable achievements of

the organization is its Micro-Credit

Programme supported by RMK. The

organization has 64 Women SHGs. Some of the Groups have taken up vegetable

farming to promote their economic status. Some of the members of these SHGs took 2

Hectare of land on lease at Rs.40,000/- and planted 50 thousand number of cabbage

plants and also some seasonal vegetables. This investment of Rs.40,000/- gave them a

profit of Rs.2,39,000/-. This has encouraged them to go for agricultural inputs like

tractor and encourage other members of group to join the SHGs so that they also

become financially strong and independent.

2. ANDHRA PRADESH

Mrs. Jhansi Lakshmi wife of Shri B.

Guruvamandadi is one of the group

m e m b e r s o f B a l a j i S a n g h a m

Dasarimatam Self Help Group sponsored

by Rashtriya Seva Samiti (RASS). She

was given proper training for Mango -

Ginger Pickle making, Mango-Avakaya,

Lemon, Ginger, Ginger with Garlic,

Ginger without garlic, Onion, Red

Chillies, Bitter Guard, Amla, Pudina,

9

16

Tomato, Gongura, Gongura without garlic etc. This business is showing good results

and the women is getting good return on these products. Her profit has made her life

comfortable. Her status in society has increased. She intends to expand the business

after some improvement. Her business is attracting other women of the area to form

SHG and do some business collectively. This has possible by micro-credit assistance

from RMK through RASS

3. TAMIL NADU

This is story of village Usilampatti under

Palaapatti Panchayat of TN. It is a

drought prone village too. The people of

this village belong to Muthuraja caste

and are most backward and poor. The

village is gender biased and thus the

condition of women is pathetic.

However, the Society for Development

of Human Abilities and Environment

called OAZONE a grass root NGO partner of RMK started forming Self Help Groups

(SHGs) with a view to get rid of them of from the clutches of moneylenders. A group of

30 women was formed and given training for rope making. Rope making was their

traditional occupation. For making ropes, fibers from the leaves of a plant called Agave

are used as raw material. This plant is found in drought prone and wastelands area.

Therefore, some women started harvesting the leaves of AGAVE for making ropes.

Before joining SHGs these women use to sell their product to the middleman who in-

turn paid them less money and kept some amount as deposit with him. The condition of

these women did not improve. However, after joining the SHGs they could get micro

credit assistance from RMK through the NGO – OAZONE. With this loan they started

Producers’ Cooperative to oversee the production and marketing activities of their

product. The micro credit helped them in procuring raw material. They are now in a

position to get good return for their products and are free from the clutches of

moneylender. They have a regular income of Rs.100/- to Rs.150/- per day. The regular

income has raised their standard of living, social status and their say in the family

affairs.

17

FINANCIAL WORKING

10.1 The year 2010-11 was the 18th year of operation of the Rashtriya Mahila Kosh. Some

of the financial highlights of the Audit Report are given below:

2. The total gross income of the RMK during 2010-11 was Rs. 1318.59 lakh as compared

to Rs. 1171.91 lakh in the previous year.

3. There has been an increase in the income over expenditure of Rs. 92.07 lakh over the

previous year. Establishment expenditure was Rs. 131.15 lakh for 2010-11 as

compared to Rs. 95.44 lakh in the previous year. Administrative expenditure was Rs.

139.70 lakhs for 2010-11 as compared to Rs. 120.67 lakh in the previous year.

4. The Rashtriya Mahila Kosh has been granted exemption under section 10(23C)(iv) of

the Income Tax Act 1961 vide Notification No. DGIT(E)/10(23C)(iv)/2010 dated 4th

January, 2011 read with Notification dated 9th April, 2010 issued by Government of

India, Ministry of Finance, Department of Revenue, Director General of Income–tax

Exemptions, New Delhi for the assessment year 2006-07 onwards. In view of this, no

provision has been made for income tax payment for the financial year 2010-11.

UTILIZATION OF PROVISIONS MADE DURING THE YEAR 2010-11

5. The General Body of RMK, on the recommendations of the Governing Board approved the following appropriations out of surplus income during 2009-10:-

(Rs. In lakhs)

1. Surplus 955.67

The utilization of respective funds is as follows:-

1. Risk Fund No utilization during the year.

2. Information, Education Rs. 45.87 lakh

and Communication Fund

3. Death Relief and Rehabilitation Fund No utilization during the year.

4. Promotion and Development Fund No utilization during the year.

(SHG Development)

10

18

10.2 AUDIT

In terms of Rule 22(iv) of the Rules and Regulations of RMK, the auditors of the Kosh

are nominated by the Comptroller and Auditor General of India. M/s Suresh Malik &

Co. were appointed Auditors for auditing the accounts of the Kosh for the financial

year 2010-11. The Auditor’s Report and Balance Sheet as on 31st March 2011 along

with Income & Expenditure Account and the Receipt & Payments-Account for the

year ended on that date are annexed.

_____

19

10.3 AUDITORS’ REPORT

The Members,

Rashtriya Mahila Kosh

New Delhi – 110001

We have audited the attached Balance Sheet of RASHTRIYA MAHILA KOSH as st

on 31 March 2011 and also the Income & Expenditure Account and the Receipt &

Payments Account for the year ended on that date annexed thereto. These financial

statements are the responsibility of the Governing Board. Our responsibility is to express an

opinion on these financial statements based on our audit.

We conducted our audit in accordance with auditing standards generally accepted in

India. Those Standards require that we plan and perform the audit to obtain reasonable

assurance whether the financial statements are free of material misstatement. An audit

includes examining, on a test basis, evidence supporting the amounts and disclosures in the

financial statements. An audit also includes assessing the accounting principles used and

significant estimates made by management/Governing Board, as well as evaluating the

overall financial statement presentation. We believe that our audit provides a reasonable

basis for our opinion.

In our opinion and to the best of our information and according to the explanations

given to us, the financial statements give a true and fair view in conformity with the

accounting principles generally accepted in India:

1. Provision for Bad and Doubtful Loans: Loans to the tune of Rs.1918.41 lakhs

(1802.21 lakhs) (including Suit Filed Loan Accounts) out of total loans of Rs.6886.91

lakhs (7217.01 lakhs) are under the defaulter category and the books of account do not

show it as separately. Out of this, a sum of Rs. 1216.11 lakhs (1003.51 lakhs) is

overdue for more than three years, a sum of Rs. 171.55 lakhs (257.25 lakhs) is overdue

for more than two years but less than three years, a sum of Rs.198.99 lakhs (185.73

lakhs) is overdue for more than one year but less than two years. Similarly, a sum of

Rs.331.76 lakhs (355.72 lakhs) is overdue for less than one year.

Note: The figures indicated in brackets are for the year 2009-10.

20

Since the prudential norms regarding “Assets classification” of RBI are not applicable

to RMK, it has no method of classifying its loans as standard, sub-standard, doubtful

and loss assets. RMK is treating all loans as standard, hence, did not make any

provision for sub-standard, doubtful and loss assets and to the extent required under

RBI norms, thus, the Income and Expenditure Account does not show a true and fair

view. However, RMK has been identifying default in its loan accounts and makes

provision under its Risk Fund to the extent of loan default amount as at the end of each

financial year.

2. An amount of Rs. 9.58 lakh is pending for more than 5 years out of the total advances

to staff and various NGOs and other parties, amounting to Rs. 29.89 lakhs. Most of

these amounts are required to be adjusted/written off against expenses. RMK is

advised to make efforts to adjust/write off the same at the earliest as these are already

long pending advances.

3. An amount of Rs. 9.50 lakhs, being Grant-in-Aid NABARD and Rs. 18.10 lakhs being Grant-in-Aid–Rural sanitation, shown under the head “Current Liabilities & Provisions” is pending to be adjusted since 1999-2000. RMK is advised to make efforts to adjust/write off the same at the earliest as these are already long pending liabilities.

4. Having given effect on the income and expenditure of the Kosh as aforesaid, the financial statements read with Significant Accounting Policies and other notes, give the information required by Law in the matter so required and give a true and fair view in conformity with the accounting principles generally accepted in India:

(a) In the case of the Balance Sheet, of the state of affairs of RashtriyaMahilaKosh as at 31st March 2011.

(b) In the case of the Income and Expenditure account, of the Income for the year ended on that date and

(c) In the case of the Receipts & Payments account, of the Receipts & Payments for the year ended on that date.

FOR SURESH MALIK & CO.

CHARTERED ACCOUNTANTS

Sd/-PLACE: NEW DELHI (RAJEEV JAIN)DATED: PARTNER

MEMBERSHIP NO. 089654

21

RASHTRIYA MAHILA KOSH1, ABUL FAZAL ROAD, BENGALI MARKET, NEW DELHI-110 001

BALANCE SHEET AS AT 31.3.2011

CORPUS/CAPITAL FUND AND LIABILITIES: Schedules 31.3.2011 31.3.2010

(`) (`)

1. CORPUS FUND 1 1,000,000,000.00 1,000,000,000.00

2. RESERVES AND SURPLUS 2 814,437,547.43 714,249,842.86

3. CURRENT LIABILITIES AND PROVISIONS 3 11,612,269.15 9,344,468.02

TOTAL 1,826,049,816.58 1,723,594,310.88

ASSETS:

1. FIXED ASSETS 4 1,798,450.12 1,155,149.97

2. INVESTMENTS - OTHERS 5 980,295,498.00 834,905,520.00

3. CURRENT ASSETS, LOANS, ADVANCES ETC. 6 843,955,868.46 887,381,592.91

4. II-EAGM - 152,048.00

TOTAL 1,826,049,816.58 1,723,594,310.88

SIGNIFICANT ACCOUNTING POLICIES & NOTES ON ACCOUNTS 7

SCHEDULES 1-10 & ACCOUNTING POLICIES FORM AN INTEGRAL PART OF BALANCE SHEET & INCOME &

EXPENDITURE ACCOUNT

AS PER OUR REPORT OF EVEN DATE

SURESH MALIK & CO. ON BEHALF OF GOVERNING BOARD


PLACE: NEW DELHI (RAJEEV JAIN) (EXECUTIVE DIRECTOR) (AUTHORISED MEMBER OF

DATED: PARTNER GOVERNING BOARD)

Membership No. 089654

22


INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31.3.2011

INCOME (A) Schedules 31.3.2011 31.3.2010

(`) (`)

1. Interest earned on Term Deposits with Banks 80,745,527.13 64,567,703.14

2. Interest earned on (Loan to NGOs) 48,364,542.00 51,014,741.50

3. Interest earned on (Savings Accounts with Banks) 2,612,126.96 1,551,575.40

4. Receipt of Membership Fee 71,000.00 43,000.00

5. Miscellaneous Receipts 57,849.00 14,075.00

6. Profit on Sale of Fixed Assets 8,028.80

TOTAL (A) 131,859,073.89 117,191,095.04

EXPENDITURE (B)

1. Establishment Expenses 8 13,114,959.24 9,543,979.68

2. Administrative Expenses 9 13,970,092.68 12,067,016.37

3. Other Expenses 12,942.00

TOTAL (B) 27,085,051.92 21,623,938.05

Being excess of Income over Expenditure (A-B) 104,774,021.97 95,567,156.99

Being excess of Income over Expenditure from Previous Year

(2009-10) Income & Expenditure Accounts (C) 95,567,156.99 76,975,064.10

Transfer from ( C ) above to:-

1. Development Reserve Fund - 76,975,064.10

2. Surplus Fund 95,567,156.99 -

TOTAL (D) 95,567,156.99 76,975,064.10

BALANCE BEING SURPLUS OF CURRENT YEAR CARRIED TO

BALANCE SHEET (E) 104,774,021.97 95,567,156.99

SIGNIFICANT ACCOUNTING POLICIES &

NOTES ON ACCOUNTS 7

SCHEDULES 1-10 & ACCOUNTING POLICIES FORM AN INTEGRAL PART OF BALANCE SHEET & INCOME &EXPENDITURE ACCOUNT







23

RASHTRIYA MAHILA KOSHSCHEDULES FORMING PART OF BALANCE SHEET AS AT 31.3.2011

SCHEDULE 1 - CORPUS FUND:

(`) (`)

As per last Account 1,000,000,000.00 1,075,000,000.00

Less: Transfer during the year to Surplus Account — 235,000,000.00

(refer Schedule 2- item 6)

Balance 1,000,000,000.00 840,000,000.00

Add: Received during the year — - 1,000,000,000.00 160,000,000.00 1,000,000,000.00

TOTAL 1,000,000,000.00 1,000,000,000.00

SCHEDULE 2 - RESERVES AND SURPLUS:

1. DEATH RELIEF & REHABILITATION FUND

As per last Account 787,473.73 616,909.01

Income during the year (2010-11) 170,564.72

Less: Expenditure during the year - 787,473.73 787,473.73

2. RISK FUND

As per last Account 179,672,592.00 179,672,592.00

Income during the year (2010-11) -

Less: Expenditure during the year - 179,672,592.00 - 179,672,592.00

3. PROMOTION & DEVELOPMENT FUND


Income during the year (2010-11)

Add: Amount returned by NGO 502.00 206,552.00

Less: Grant given to NGOs for SHGs Promotion - 27,093,850.00 - 27,093,348.00

4. INFORMATION, EDUCATION &

COMMUNICATION FUND



Less: Utilised during the year (Schedule - 10) 4,586,819.40 94,567,388.64 3,055,230.00 99,154,208.04

5. DEVELOPMENT RESERVE

As per last Account 76,975,064.10 -


Add: Transfer during the year from Surplus (2009-10) - 76,975,064.10

Less: Expenditure during the year - 76,975,064.10 - 76,975,064.10

6. SURPLUS FUND

As per last Account 235,000,000.00 -

Transfer during the year from the Corpus Fund surplus - 235,000,000.00

(1994-2008) (refer Schedule 1- Corpus Fund)

Add: Transfer during the year

from Surplus (2009-10) 95,567,156.99 330,567,156.99 235,000,000.00

7. EXCESS OF INCOME OVER

EXPENDITURE (2010-11) 104,774,021.97 95,567,156.99

TOTAL 814,437,547.43 714,249,842.86

31.3.2011 31.3.2010

ON BEHALF OF GOVERNING BOARD

(EXECUTIVE DIRECTOR) (AUTHORISED MEMBER OF

GOVERNING BOARD)

24


SCHEDULE 3

CURRENT LIABILITES & PROVISIONS (`) (`)

( A) Current Liabilities:

a) Salary & allowances 23,959.00 309,199.00

b) Wages 16,155.00

c) Salary Consultant (Estt) 86,400.00

d) Suspense Account 3,398,745.00 151,000.00

e) Staff Welfare & Medical Expenses 59,014.00 27,598.00

f) Membership Fee Refundable 9,500.00

g) Grant-in-Aid NABARD 950,000.00 950,000.00

h) Grant-in-Aid Rural Sanitation 1,809,625.00 1,809,625.00

i) ITPO (2007) 277,613.00

j) Conveyance Expenses 89,234.00

k) Office Expenses 50,436.00

l) Professional Charges 60,500.00

m) Legal Expenses 4,000.00

n) Travelling Expenses 239,084.00

o) Stationery 14,594.00

p) Telephone Expenses 18,347.00

q) Mobile Telephone Expenses 18,060.15

r) Security & Services 128,909.00

s) Water & Electricity 49,512.00

t) Rent 794,180.00

u) Newspapers & Magazines 1,303.00

v) Monitoring & Evaluation 150,000.00

w) Workshop Expenses 898,234.00

x) Training Expenses 444,942.00

y) Nodal Agency Expenses 585,545.00

z) Vatsalya Mela 2010 236,901.00

aa) Salary IEC Consultant 45,900.00 125,471.00

bb) Bonus 36,958.00

cc) Earnest Money 100,000.00

dd) Audit Fees 65,635.00

ee) TDS Payable 17,331.00 10,304,269.15 3,749,240.00

TOTAL(A) 10,304,269.15 3,749,240.00

(B) PROVISIONS

a) Audit Fees 33,060.00

b) Gratuity (Staff) 1,308,000.00 1,308,000.00

c) Other items 5,562,168.02 5,595,228.02

TOTAL(B) 1,308,000.00 5,595,228.02

GRANT TOTAL(A+B) 11,612,269.15 9,344,468.02

31.3.2011 31.3.2010



GOVERNING BOARD)

25

26

RASHTRIYA MAHILA KOSH

SCHEDULES FORMING PART OF BALANCE SHEET AS AT 31.3.2011

SCHEDULE - 4 Fixed Assets

DESCRIPTION

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12)

Vehicles* 264,882.22 0 0 15,272.20 249,610.02 249,610.02

- 249,610.02 - 15,272.20

(15%)

1,463,793.28 45,940 8,490.00 0 1,518,223.28 1,198,894.86 47,262.51 - 1,246,157.37 272,065.91 264,898.42

Computers 4,015,920.00 0 1,145,211.00 12,800 5,148,331.00 3,473,492.10 661,340.04 - 4,134,832.14 1,013,498.86 542,427.90

(60%)

1,242,125.56 113,400.00 117,399.00 0 1,472,924.56 909,574.11 50,465.10 - 960,039.21 512,885.35 332,551.45

6,986,721.06 159,340.00 1,271,100.00 28,072.20 8,389,088.86 5,831,571.09 759,067.65 - 6,590,638.74 1,798,450.12 1,155,149.97

Previous Year 6,156,493.06 25,718.00 804,510.00 0 6,986,721.06 5,492,503.18 339,067.91 - 5,831,571.09 1,155,149.97

As at the

current

year -end

31.3.2011 (col.

6-10)

At the

beginning of

the year

(1.4.2010)

(cumulative)

For the year

2010-11

Cost/ valuation

as at beginning

of the year

1.4.2010

Addition during

the full year

Written

back

during

the year

Sale/Transfer

during the

year

Furniture & Fixtures

(10%)

Total of Current

Year

Office Equipments

(15%)

Cost/valuation

at the year -

end 31.3.2011

Addition

during the half

year

As at the

previous

year - end

31.3.2010

GROSS BLOCK NET BLOCKDEPRECIATION

Total upto the

year-end

(cumulative)

(Col.7+8-9)



GOVERNING BOARD)

*The vehicle was sold on 24.11.10 for Rs. 23301/-.


NAMES OF BANKS (Rs.) (Rs.)

1. Andhra Bank 121,855,558.00 134,312,398.00

2. IDBI Bank - 110,000,000.00

3. State Bank of Bikaner & Jaipur 428,439,940.00 500,116,808.00

4. State Bank of Patiala 320,000,000.00 90,476,314.00

5. Dena Bank 110,000,000.00 -

TOTAL 980,295,498.00 834,905,520.00

31.3.2011 31.3.2010

SCHEDULE - 5 INVESTMENTS - OTHERS

(A) CURRENT ASSETS: (Rs.) (Rs.)

1. Sundry Debtors

a) Debts Outstanding for a period 5,510.00 107,510.00

exceeding six months

2. Closing Balance - Cash in hand & Banks:

a) Cash in Hand 20,004.50 18,538.50

b) Savings Bank Accounts with Banks 30,293,681.34 30,313,685.84 87,531,300.92 87,549,839.42

TOTAL (A) 30,319,195.84 87,531,300.92 87,657,349.42

31.3.2011 31.3.2010

SCHEDULE 6 - CURRENT ASSETS, LOANS & ADVANCES

(B) LOANS, ADVANCES & OTHER ASSETS (Rs.) (Rs.)

1. LOANS OUTSTANDING

a) Franchisee Scheme 45,335,816.00 62,288,082.00

b) Gold Credit Card Scheme 127,224,960.00 140,711,479.00

c) Housing Loan 2,803,580.00 5,604,577.00

d) Main Loan Scheme 455,861,925.79 444,704,177.35

e) Loan Promotion Scheme 21,678,356.00 22,587,422.80

f) Refinance Scheme 804,885.00 5,169,072.00

g) Working Capital Term Loan 4,058,917.00 5,018,466.00

h) Revolving Fund Scheme 30,922,821.00 688,691,260.79 35,617,828.43 721,701,104.58

2. Advances and other amounts recoverable in

cash or in kind or for value to be received:

a) NICSI 23,040.00 40,785.00

b) Security Deposit 951,027.40 950,640.40

c) Advances to Staff 538,095.00 677,833.00

d) Advances for organising Workshops 846,613.00 1,738,393.00

e) Nodal Agencies 585,545.00 585,545.00

f) Super Bazar 5,250.00

g) DAVP 8,344.00 174,625.00

h) Prepaid Expenses 9,461.00

i) Sub-Committee 42,624.00

j) Mohinder Singh 100.00

31.3.2011 31.3.2010

27

k) Advances for organising Training Programme 444,942.00 329,466.00

l) Advance - with Others 391,088.00 534,464.00

m) AFCL 90,000.00 90,000.00

n) IITF (2008) 2,224,933.00

o) Guild of Services 13,823.00

p) YMCA 47,270.00

q) TDS receivable 8,607,208.00 12,546,995.40 7,559,308.00 14,963,427.4

3. a) Interest accrued & due on Loans to be received 6,883,837.30 12,321,642.51

b) Interest accrued but not due on Loans 11,298,196.00

c) Interest accured but not due on investments 94,216,383.13 112,398,416.43 50,738,069.00 63,059,711.51

TOTAL (B) 813,636,672.62 799,724,243.49

TOTAL (A+B) 843,955,868.46 887,381,592.91



GOVERNING BOARD)

28

SCHEDULE – 7

RASHTRIYA MAHILA KOSH

SIGNIFICANT ACCOUNTING POLICIES AND NOTES FORMING PART OF THE ACCOUNTS 2010-11

I. SIGNIFICANT ACCOUNTING POLICIES

1. Fixed Assets

Fixed Assets are recorded at cost and depreciation has been charged on written down value basis at the rates and methods specified in the Income Tax Act, 1961.

2. Recognition of Income & Expenditure

The Kosh follows the mercantile system of accounting and recognizes interest income and expenses on accrual basis, except for interest on suit filed accounts and penal interest which is accounted for only on actual receipt by RMK.

II. NOTES ON ACCOUNTS

1. No provision is made for Death Relief & Rehabilitation Fund, Promotion and Development Fund, Information, Education & Communication Fund, Development Reserve during the year since there already exists sufficient provision on this account as at the end of the previous year.

2. A further provision of Rs. 122 lakh is required to be made in the Risk Fund from out of the surplus for the year 2010-11 to cover the default loans as at the end of the year at Rs. 1918.41 lakh.

3. (a) Balance outstanding under various loan schemes as on 31.3.2011 is reconciled in General Ledger with Loan Ledgers and are subject to confirmations from NGOs.

(b) In the opinion of the Governing Board, Current Assets, Loans and Advances (including capital advances) have a value on realization in the ordinary course of business at least equal to the amount at which they are stated in the Balance Sheet. Adequate provisions have been made in the account for all known liabilities.

(c) Claims lodged by the Kosh with NGO’s/outside parties are accounted for on realization.

29

4. Advances given to various parties are settled only after receipt of proper bills from them. The following advances are lying unadjusted as on 31.3.2011 for want of bills/receipts/refund/ confirmation.

Sl. No. Particulars Amount as on 31.3.11 (Rs.)

(i) Nodal Agencies 585545.00

(ii) Advances given for Workshops 846613.00

(iii) NICSI 23040.00

(iv) ICAR (NDRI) Karnal 33796.00

(v) YMCA 47270.00

(vi) NIPCCD 411146.00

(vii) Other Advances 391088.00

(viii) AFCL 90000.00

(ix) Guild of Services 13823.00

(x) Advances to Staff 538095.00

(xi) DAVP 8344.00

Total 2988760.00

5. Suspense Account balance Rs. 33,98,745/- represents the amount received from the NGOs with incomplete details.

6. Provision for Bad & Doubtful Loans: RMK is not making provision on bad & doubtful loans since earlier years. However, RMK makes provision under its Risk Fund, to the extent of the loan default amount at the end of each financial year. (refer Note 2 above).

7. RMK has been blacklisting and filing court cases against defaulter NGOs for recovery of loans.

8. No provision for Income Tax has been made in the account since the Kosh was granted exemption u/s 10(23C)(iv) of the Income Tax Act 1961 vide Notification No. DGIT(E)/10(23C)(iv)/2010 dated 4th January, 2011 read with Notification dated 9th April, 2010 issued by Government of India, Ministry of Finance, Department of Revenue, Director General of Income–tax Exemptions, New Delhi for the assessment year 2006-07 onwards.

9. Claims against Kosh not acknowledged as debts-NIL.

30

10. Accounting for Government Grants:

During 1997-98, NABARD sanctioned Rs. 21.50 lakhs to RMK for Promotion, Stabilization & Development of SHGs through identified NGOs in north-eastern states. An amount of Rs. 15 lakhs has been received from NABARD (Rs. 5.50 lakhs on 26.10.1999 & Rs.9.50 lakhs on 21.9.2000) as reimbursement of the amount sanctioned to various new NGOs under SHGs Development Scheme.

11. RMK executed the job as was required under the scheme but the NABARD pointed out certain deficiencies in respect of payment of Rs. 9.50 lakhs. However, the scheme was over and there has been no further response or enquiry from the NABARD to this end. In the circumstances the amount of Rs. 9.50 lakhs is being shown as liability under the head Current Liabilities & Provision in Balance Sheet.

12. Grants relating to revenue expenditure are adjusted against the related expenses, as and when received.

13. Events after balance Sheet Date:- NIL

14. No other disclosures are applicable/required to be made as prescribed by ICAI, except those disclosed in the financial statement along with schedules and notes on accounts.

15. Previous year figures are regrouped/rearranged wherever necessary.


(EXECUTIVE DIRECTOR) (AUTHORISED MEMBEROF GOVERNING BOARD)

PLACE: NEW DELHI DATED:

31

(`) (`)

a) Salaries and Wages

(i) Salary & Allowances 9,673,143.24

(ii) Salary Consultants 1,268,900.00

(iii) EPF contribution of Employer & Charges 408,113.00

(iv) Wages 370,837.00

(v) Honorarium 24,200.00 11,745,193.24 8,223,881.08

b) Bonus 74,242.00 37,578.00

c) Staff Welfare & Medical Expenses

(i) Staff Welfare 218,323.00

(ii) Children Education Allowance 214,970.00

(iii) LTC Expenses 10,681.00

(iv) Medical Expenses 152,659.00

(v) Uniform & Liveries 8,547.00 605,180.00 500,625.00

d) Provision for Gratuity 690,344.00 781,895.60

TOTAL 13,114,959.24 9,543,979.68

31.3.2011 31.3.2010

SCHEDULE 8 - ESTABLISHMENT EXPENSES



GOVERNING BOARD)


32

(`) (`)

1. Audit Fee 98,710.00 51,257.00

2. Bank Charges 81,201.00 110,010.00

3. Books and Periodicals 5,626.00 22,038.00

4. Newspapers & Magazines 11,850.00

5. Conveyance Charges 1,303,691.00 1,375,138.00

6. Honorarium 177,236.00

7. Insurance Charges -5,662.00 1,036.00

8. Legal & Professional Charges 296,048.00 949,941.00

9. Professional Charges 427,113.00

10. Meetings Expenses 257,536.00 217,568.00

11. Membership Fees payment 13,236.00 14,236.00

12. Misc. Expenditure 36,266.00 -5,949.00

13. Monitoring & Evaluation Charges 173,380.00

14. Office Expenses 391,642.00 189,484.00

15. Postage Expenses 110,323.00 103,996.00

16. Pubicity Expenses 33,072.00

17. Rent 4,534,780.00 4,411,700.00

18. Repairs & Maintenance Charges 227,237.00 146,376.00

19. Security and Service Charges 1,439,919.00 901,601.00

20. Stationery Expenses 262,031.00 242,254.00

21. Telephone Expenses 355,733.03 417,173.46

22. Rent (Commission Charges) 17,000.00

23. Transport Charges 8,000.00

24. Travelling Expenses 1,979,940.00 1,205,639.00

25. Subscription receiable for earlier year written off 209,000.00

26. Vehicles Running Expenses/Maintenance 5,900.00 51,409.00

27. Water & Electricity 268,618.00 278,240.00

28. Consultancy Fee Payment -Restructuring of RMK 1,536,400.00

29. Depreciation 759,067.65 339,067.91

TOTAL 13,970,092.68 12,067,016.37

31.3.2011 31.3.2010

RASHTRIYA MAHILA KOSH SCHEDULES FORMING PART OF INCOME & EXPENDITURE

FOR THE YEAR ENDED 31.3.2011

SCHEDULE 9-ADMINISTRATIVE EXPENSES



GOVERNING BOARD)

33

(`) (`)

1. Nodal Agency Expenses 70,000.00 141,500.00

2. Printing Expenses 167,073.00 142,403.00

3. Training Expenses 1,085,855.00 584,374.00

4. Consultancy Fee - IEC Consultants 507,712.00 1,336,565.00

5. Workshop Expenses 2,655,549.00 805,425.00

6. Travelling Exp. (IEC) -107,880.00 2,466.00

7. Seminar Violance Against Women 14,776.00

8. All India Meet on Welfare of DW&C 27,721.00

9. International Women's Day 30,452.00 -

10. Advertisement and Publicity 66,876.00

11. Delli Hatt Mela March,2011 111,182.40 -

TOTAL 4,586,819.40 3,055,230.00

31.3.2011 31.3.2010

RASHTRIYA MAHILA KOSH SCHEDULES FORMING PART OF INCOME & EXPENDITURE

FOR THE YEAR ENDED 31.3.2011

SCHEDULED - 10 INFORMATION, EDUCATION AND COMMUNICATION FUND







34

35

RECEIPTS Schedule No. (`) (`)

1. Opening Balance with BanksIn Savings Bank Accounta) Cash-in-hand 18,538.50b) Savings Bank Accounts with Banks

i) State Bank of India 39456038.89 ii) Canara Bank 47879722.93iii) Canara Bank -II EAGM 191279.00 87,527,040.82

c) Term Deposits with Bank 834,905,520.00 922,451,099.32 682,979,145.702. Interest received 11 83,287,954.27 95,328,940.873. Loan received 12 157,924,843.79 172,289,043.504. Promotion & Development Fund 502.00 206,552.005. Miscellaneous Receipts 57,789.00 17,141.006. RTI Receipts 60.007. Membership Fees received 71,000.00 43,000.008. Grant for IITF 2008 2,224,933.00 2,030.009. Corpus Fund - 160,000,000.0010. Earnest Money Deposit 100,000.0011. Refund of Security Deposit of Mobile Phone 10,000.0012. Suspence Receipts 3,247,745.0013. Grant for Vatsalaya Mela 2010 263,600.0014. Reimbursement of International Women Day,

2010 Exp. 15,000.0015. Sale of fixed assets 36,101.00

TOTAL 1,169,690,627.38 1,110,865,853.07

31.3.2011 31.3.2010


RECEIPT AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31.3.2011

PAYMENTS Schedule No. (Rs.) (Rs.)

1. Loan disbursed 13 124,915,000.00 156,302,500.002. Establishment Expenses 14 12,556,747.26 10,617,290.683. Fixed Assets 15 1,430,440.00 830,228.004. Advances 641,264.00 4,838,076.405. Security deposits 302,500.006. Information, Education & Communication Fund 16 5,851,393.40 2,975,097.007. Administrative Expenses 17 13,384,098.88 10,842,629.678. IITF 2007` 2,008,932.009. Closing Balance with Banks a) Cash in Hand 20,004.50

b) Savings Bank Accounts with Banks i) State Bank of India 20192956.30ii) Canara Bank 10085752.34iii) Canara Bank -II EAGM 13477.00 iv) SBI (FCRA) 1495.70 30,293,681.34

c) Term Deposits with Bank 980,295,498.00 1,010,609,183.84 922,451,099.32TOTAL 1,169,690,627.38 1,110,865,853.07

31.3.2011 31.3.2010







36

SCHEDULE - 11 INTEREST RECEIVED (`) (`)

1. Interest on Savings Bank Accounts 2,612,126.96 1,551,575.40

2. Interest on Loans 43,408,614.31 51,014,741.50

3. Interest on Term Deposits with Bank 37,267,213.00 42,762,623.97

TOTAL 83,287,954.27 95,328,940.87

31.3.2011 31.3.2010

RASHTRIYA MAHILA KOSHSCHEDULES FORMING PART OF RECEIPT & PAYMENT

ACCOUNT FOR THE YEAR ENDED 31.3.2011

SCHEDULE - 12 LOAN (RECEIPT) (`) (`)

1. Main Loan Scheme 88,007,251.56 103,197,964.00

2. Gold Credit Card Scheme 38,486,519.00 13,993,252.00

3. Refinance Scheme 4,364,187.00 4,580,928.00

4. Housing Loan 2,800,997.00 4,083,671.00

5. Revolving Fund Scheme 4,695,007.43 25,508,643.00

6. Loan Promotion Scheme 1,659,066.80 3,646,122.50

7. Franchisee Scheme 16,952,266.00 14,927,028.00

8. Working Capital 959,549.00 2,351,435.00

TOTAL 157,924,843.79 172,289,043.50

31.3.2011 31.3.2010

SCHEDULE - 13 LOAN PAYMENTS (DISBURSED) (`) (`)

1. Main Loan Scheme 99,165,000.00 105,725,000.00

2. Gold Credit Card Scheme 25,000,000.00 45,000,000.00

3. Franchisee Scheme - 3,750,000.00

4. Loan Promotion Scheme 750,000.00 1,827,500.00

TOTAL 124,915,000.00 156,302,500.00

31.3.2011 31.3.2010

SCHEDULE - 14 ESTABLISHMENT EXPENSES (`) (`)

1. Salary and Wages

(a) Salary and Allowances 9,966,883.26

(b) Salary Consultants 1,172,900.00

(c) EPF Conribution of Employer and EPF Charges 408,113.00

(d) Wages 381,610.00

(e) Honorarium 15,700.00 11,945,206.26 10,108,330.68

2. Bonus 37,284.00 37,578.00

3. Staff Welfare & Medical Expenses

(a) Staff Welfare 211,283.00

(b) Medical Expenses 158,101.00

(c) LTC Expenses 15,989.00

(d) Liveries & Uniforms 9,014.00

(e) Children Education Allowance 179,870.00 574,257.00 471,382.00

TOTAL 12,556,747.26 10,617,290.68

31.3.2011 31.3.2010

SCHEDULE - 15 FIXED ASSETS PURCHASE (EXPENSES) (`) (`)

1. Office Equipment 54,430.00 30,318.00

2. Furniture & Fixture 230,799.00 32,277.00

3. Computers 1,145,211.00 767,633.00

TOTAL 1,430,440.00 830,228.00

31.3.2011 31.3.2010

37

SCHEDULED - 16 INFORMATION, EDUCATION AND 31.3.2011 (`) 31.3.2010 (`)

COMMUNICATION FUND (EXPENSES)

1. Nodal Agency Expenses 157,500.00 54,000.00

2. Printing Expenses 202,913.00 106,563.00

3. Training Expenses 970,379.00 584,672.00

4. Consultancy Fee - IEC 582,183.00 1,311,094.00

5. Workshop Expenses 3,174,128.00 873,805.00

6. Travelling Exp. (IEC) 169,924.00 2,466.00

7. Seminar Violance Against Women - 14,776.00

8. All India Meet on Welfare of DW&C - 27,721.009. International Women's Day 30,452.00 -10. Delli Hatt Mela March,2011 111,182.40 -11. Advertisement and Publicity 241,501.00

12. 2nd EAGM 184,532.00

13. Vatsalya Mela November,2010-Delli Hatt 26,699.00 -

TOTAL 5,851,393.40 2,975,097.00

RASHTRIYA MAHILA KOSHSCHEDULES FORMING PART OF RECEIPT & PAYMENT

ACCOUNT FOR THE YEAR ENDED 31.3.2011

SCHEDULE - 17 ADMINISTRATIVE EXPENSES 31.3.2011 (`) 31.3.2010 (`)

1. Audit Fee 66,135.00 51,257.002. Bank Charges 81,201.00 110,010.003. Meetings Expenses 330,439.00 169,665.004. Books, Periodicals and Newspapers 16,173.00 27,567.005. Conveyance Expenses 1,392,925.00 1,433,613.006. Honorarium 19,200.00 171,036.007. Insurance Charges 3,799.00 1,036.008. Legal & Professional Charges 231,648.00 949,941.009. Professional charges 491,516.0010. Membership Fee Expenses 13,236.00 14,236.0011. Misc. Expenses 158,801.00 2,351.0012. Monitoring & Evaluation Charges 0.00 315,024.0013. Office Expenses 354,769.00 176,846.0014. Postage 113,402.00 100,917.0015. Publicity Expenses 33,072.0016. Rent 4,733,300.00 3,419,000.0017. Repairs & Maintenance 235,027.00 158,476.0018. SAARC Meeting 0.00 12,942.0019. Security and Services 1,401,857.00 874,327.0020. Stationery Expenses 251,063.00 238,628.0021. Telephone Expenses 350,310.88 423,465.6722. Travelling Expenses (including Foreign Travel) 1,795,175.00 1,345,854.0023. Transport Charges 0.00 8,000.0024. Rent (Commission charges) 0.00 17,000.0025. Vehicle Running & Maintenance Expenses 5,900.00 53,720.0026. Water & Electricity Expenses 260,266.00 276,202.0027. Consultancy Fee - Restructuring RMK 1,536,400.00

TOTAL 13,384,098.88 10,842,629.67


SURESH MALIK & CO. ON BEHALF OF GOVERNING BOARDCHARTERED ACCOUNTANTS

PLACE: NEW DELHI (RAJEEV JAIN) (EXECUTIVE DIRECTOR) (AUTHORISED MEMBER OFDATED: PARTNER GOVERNING BOARD)


38

S.No. Name of the NGO’s

Andhra Pradesh

1 Sree Madhava Vidya Peetham

Bihar

2 National Institute for Rural Development, Education, Social Upliftment and

Health

Haryana

3 Eco Club

Jharkhand

4 Bhartiya Jan Jagriti Seva Trust

Karnataka

5 Agricultural Development and Rural Educational Society

6 Association for Community & Rural Education for Social Action &

Transformation

Kerala

7 Hope Foundation

Madhya Pradesh

8 Amar Jagriti Mahila Samiti

9 Bal MahilaVikas Samiti, MP

10 Pratigya Samanvit Vikas Sakh Sahakarita Maryadit

11 Vishwa Chetana Commune

NAME OF NGO’S FINANCED DURING THE YEAR 2010-2011

11

39

Maharashtra

12 Jeevan Jyot Pratishthan

13 Mauli Mahila Gramin Bigarsheti Sahkari Patsanstha Maryadit

14 Venkatesh Bahuddeshiya Shikshan Prasarak Mandal

15 Yuva GrameenVikas Sanstha

Nagaland

16 Yungli Multi Purpose Society

Punjab

17 Bisnouli Sarvodaya Gramodyog Sewa Sansthan

Rajasthan

18 Humana People to People India

19 Mata Shree Gomti Devi Jan Seva Nidhi

Tamil Nadu

20 Kalaimagal Kalvi Sangam

21 Madhar Nala Thondu Niruvanam (MNTN)

22 Nanayasurabhi Development Financial Services

23 New World

Uttar Pradesh

24 Janhit Foundation

25 MaaChandika Devi GramodyogSansthan

Uttranchal

26 Pahal

27 UshamathMahila Self Reliant Mahasangh Ltd.

West Bengal

28 Badkulla Luna Silk Khadi Society

29 Kalighat Society for Development Facilitation

30 SebaRahara

ANNEXURE - I

Workshop, Training, Exposure Visit and Seminars in Rashtriya Mahila Kosh (RMK) from April 2010 till 31.3.2011.

RMK has a large NGO network in the country, which helps in creating awareness among the NGOs

to integrate micro-finance activities into their social sector interventions. RMK organized a number of

Awareness cum Capacity Building and Skill Development Programme to nurture the supporting

intermediary organization as per details below, during the year 2010-11

1. RMK organised One day marketing cum exhibition i.e. celebrating empowerment bazar at Hotel

Ashok, New Delhi in collaboration with ‘Guild for Services’ in April 2010.

2. A five day Orientation Programme on Micro Finance and Income Generation issues at NIPCCD,

Indore, MP from 10 – 14 May, 2010.

3. One day Capacity Building cum Awareness Generation programme at Nowgong, District

Chattarpur, MP on 13 May 2010.

4. Participated with NGO partners in a Four Day Awareness Generation Campaign for uplifting lives of

rural women especially youth through exhibition cum seminar at Munsiyari, District Pithoragarh,

Uttrakhand from 15 – 18 June, 2010.

5. A five day orientation programme on Micro Finance and Income Generation issues at NIPCCD,

Bangalore from 28 June to 2 July, 2010.

6. At the instance of Ministry of Women and Child Development, Government of India, organized a

One Day awareness programme on ‘Socio-economic empowerment of women’ at DilliHaat,

Pitampura on 23.7.2010. This was organized in collaboration with Central Social Welfare Board and

Food and Nutrition Board..

7. Orientation on Micro-finance and Income Generation issues at NIPCCD, Guwahati, Assam from

13–19 September, 2010.

8. With a view to encourage marketing activities, the Ministry of Women and Child Development

asked RMK to arrange marketing of SHG products of its partner NGOs from 12 to 24 November,

2010 at Dilli Haat, INA colony New Delhi.

9. Participation by RMK and its NGO partners at Vatsalya Mela organized by the Ministry of Women

and Child Development for ‘socio-economic empowerment of women’ and marketing cum

exhibition for SHG members at Dilli Haat from 14.11.2010 to 19.11.2010.

10. A five day orientation programme on Micro-finance & Income Generation issues at NIPCCD New

Delhi from 7 –11 February 2011.

11. A five day orientation programme on Micro-finance & Income Generation issues at NIPCCD

Lucknow from 27 – 31 December, 2010.

40

ANNEXURE - II

List of Franchisees:

Name of the organization State

Rashtriya Gramin Vikas Nidhi (RGVN) Assam

MP State Cooperative Dairy Federation,

Dugdha Bhawan, Dugdha Marg,

Habibganj, Bhopal MP

Punjab State Cooperative Handloom Federation Ltd.

SCO – 2945 – 46, Sector, 22 –C,

WEAVCO, Chandigarh Punjab

41

ANNEXURE - III

List of Resource Centres

S. No. Name of the Resource Centre Training Facilities available

1. Indian Agricultural Research Centre, Pusa, New Delhi-

The institute provides various types of vocational training as per requirement relating to farm sector.

2. Central Avian Research Institute, Institute, Izatnagar, UP .

The institute provides training in Poultry

3. Central Institute for Goats, Makhdoom, POFARAH – 281122, Mathura,

The institute is equipped with necessary infras t ructure for vocat ional , ski l l development /upgrading, technology transfer, micro enterprise development training for goat rearing..

4. Central Institute of Agricultural Engineering,Nabi Bagh, Berasia Road, Bhopal – 462038, MP

Vocational training on i) Improved tools and equipment suitable for farm women, ii) Soya-products preparations for entrepreneurship development, iii) Agro – processing activities for income generation, iv) Improved energy gadgets for rural domestic use, v) Modern farming practices and vi) Composite training involving one or more than one component out of the above are offered.

5. Central Institute for Fisheries Research Technology, Willingdon Island, Cochin, Kerala

Vocational training in Fisheries

6. Central Plantation Crops Research Research Institute, Kasaragod, Kerala

Training in preparation of coconut chips, snowball tender nuts, Vermi composting, production of mushroom using coconut wastes etc.

7. Indian Institute for Pulses Research, Kanpur, UP

On-hand training to women SHGs on processing of pulses and seed production.

8. Indian Institute of Horticultural Research, Bangalore

Training on i) Mushroom cultivation, ii) Entrepreneur-ship development through processing of horticultural products, iii) Raising quality seedlings of horticultural crops and iv) Production of bio-fertilizers and bio-pesticides.

42

S. No. Name of the Resource Centre Training Facilities available

9. Indian Institute of Spices Research, Marikunnu, Calicut, Kerala

Training on a) Goat production and management, b) Broiler Calf management, c) Dairy management, d) Backyard poultry rearing, e) Rabitary, f) Mushroom production, g)Agricultural nursery management, h) Vermicompost production, i) Plant propagation techniques, j) Azolla cultivation, k) Apiculture, l) Medicinal Plant cultivation and m) Fabric painting and card making.

10. Indian Institute of Vegetable Research, Post Bag No.01, PO Jakhani (Shahanshapur) Varanasi – 221 305, UP

Advanced technology training in vegetable crops and post harvest management and value addition in vegetable.

11. Krishi Vigyan Kendra & Dairy Training Research Institute, National Dairy ResearchInstitute, ICAR, Karnal - 132001

Training on Dairy production and processing.

12. National Institutes of Fashion Technology,NIFT Campus HauzKhas, New Gulmohar Park, New Delhi

Training on (i.) Dress making for fashion designing (ii.) Embroidery (iii.) Weaving (iv.) Handicrafts (v.) Jewelry designing (vi.) Footwear designing.

14. Barli Development Institute for Rural Women, 180 – Bhamori, New Dewas Road, Indore-452010

Training in the field of Non-Conventional energy integrated with Health and Women - Empowerment.

13. State Institute of Rural DevelopmentGS Road, Khanapara, Guwahati, Assam

Training on (i.) Skill development and (ii) Capacity building

43

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